Singing The Blue Cross Blues

The shocking tale of mismanagement and mischief at New York's huge health insurer is far from unique

If his former customers ever get a chance to confront him, Albert Cardone may need plenty of health insurance. Before his ouster in May as chairman of New York's Empire Blue Cross and Blue Shield, he took home $600,000 a year in his chauffeur-driven Lincoln Town Car. The salary and transportation were paid for by the nation's largest nonprofit health insurer at a time when it was trying to stave off insolvency by drastically raising the premiums of the elderly, the poor and the chronically sick. But, as Cardone once asked a New York Times reporter, is it "fair" for a...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!